Red Sox owner: ‘Spending money helps’

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The other day Rob Manfred said, as he and other owners have said often in the past, that there is no correlation between payroll and winning. He said that defensively, in response to criticism of the slow free agent market of the past two offseasons.

As we have noted in the past, Manfred is not being honest about that. While, yes, in any given year there can be wild variation between payroll and win total — the Giants stunk last year, the A’s won 97 games — common sense dictates otherwise. What’s more, a recent study has shown that there is a pretty strong correlation between winning and payroll over time. Yes, you can fluke into a big season with a low payroll — Deadspin compared it to a cold snap occurring during a time of climate change — but if you want that “sustained success” teams claim they want, the best way to ensure it is to spend more money over time.

If you know anything about baseball labor history, though, you know well that the Commissioner and the owners will continue to mischaracterize the dynamics of the business as it suits them. Mostly because — present lefty sportswriters notwithstanding — very few people push back on their narratives. Fans tend to parrot ownership’s line on this stuff and, more often than not, baseball media acts as stenographer for ownership as opposed to critic. That gives owners a far greater ability to shape the narrative about all of this than most institutions.

Which makes this all the more awkward. From David Schoenfield of ESPN:

In apparent contradiction to his own commissioner, Boston Red Sox owner John Henry said Monday that, while there is not a perfect correlation between a bigger payroll and winning, “spending more money helps.”

Which is right. The correlation is not perfect — teams can spend a lot of money on a bad team if given the chance and a low payroll team like the Rays can bullpen their way to 90 wins — but you’re way more likely to win year-in, year-out if you’re spending than if you go cheap all the time and hope for a miracle season.

Which is not to say that Henry is some labor activist owner. He and his fellow front office officials have a long history of backing the league office on just about everything that matters and will no doubt do so with labor matters in the runup to the next CBA negotiation. The owners tend not to have a solidarity problem.

But Henry does seem to draw the line at peddling baloney, which is a shockingly necessary thing when the league and the union’s relationship turns acrimonious.

RHP Fairbanks, Rays agree to 3-year, $12 million contract

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ST. PETERSBURG, Fla. — Reliever Pete Fairbanks and the Tampa Bay Rays avoided arbitration when they agreed Friday to a three-year, $12 million contract that could be worth up to $24.6 million over four seasons.

The deal includes salaries of $3,666,666 this year and $3,666,667 in each of the next two seasons. The Rays have a $7 million option for 2026 with a $1 million buyout.

His 2024 and 2025 salaries could increase by $300,000 each based on games finished in the previous season: $150,000 each for 35 and 40.

Tampa Bay’s option price could increase by up to $6 million, including $4 million for appearances: $1 million each for 60 and 70 in 2025; $500,000 for 125 from 2023-25 and $1 million each for 135, 150 and 165 from 2023-25. The option price could increase by $2 million for games finished in 2025: $500,000 each for 25, 30, 35 and 40.

Fairbanks also has a $500,000 award bonus for winning the Hoffman/Rivera reliever of the year award and $200,000 for finishing second or third.

The 29-year-old right-hander is 11-10 with a 2.98 ERA and 15 saves in 111 appearances, with all but two of the outings coming out of the bullpen since being acquired by the Rays from the Texas Rangers in July 2019.

Fairbanks was 0-0 with a 1.13 ERA in 24 appearances last year after beginning the season on the 60-day injured list with a right lat strain.

Fairbanks made his 2022 debut on July 17 and tied for the team lead with eight saves despite being sidelined more than three months. In addition, he is 0-0 with a 3.60 ERA in 12 career postseason appearances, all with Tampa Bay.

He had asked for a raise from $714,400 to $1.9 million when proposed arbitration salaries were exchanged Jan. 13, and the Rays had offered for $1.5 million.

Fairbanks’ agreement was announced two days after left-hander Jeffrey Springs agreed to a $31 million, four-year contract with Tampa Bay that could be worth $65.75 million over five seasons.

Tampa Bay remains scheduled for hearings with right-handers Jason Adam and Ryan Thompson, left-hander Colin Poche, third baseman Yandy Diaz and outfielder Harold Ramirez.